Thursday, February 4, 2010

Breaking: Bank of England Suspends Quantitive Easing

News just coming in that the Bank of England will be suspending quantitive easing. No more government money propping up the Gilts market.

The Bank of England hasn't ruled out future QE saying:

"[The Bank] will continue to monitor the appropriate scale of the asset purchase programme and further purchases would be made should the outlook warrant them."

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